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EFFECTS ON THE REGISTRATION AND LICENSING OF MICROENTERPRISES IN AN INFORMAL ECONOMY: FURTHER EVIDENCE FROM THE OTA AREA, NIGERIA

This study examined the effects of business formality on microenterprises in an informal economy, with particular reference to the Ota area in Ogun State, Nigeria.This study area reflects the typical Nigerian business environment with all the characteristics of an informal economy.Data were collected using questionnaires from a sample of 200 microenterprises.The owners of 161 microenterprises responded (81 per cent response rate).The sampling frame for the survey consisted of microenterprises that employ no more than 10 workers.Five lines of businesses were identified for the survey.These incl…

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